Here's what surging oil prices mean for consumers

Qatar's energy minister telling the FT that all Gulf exporters could shut down production within days and that would send oil to $150 per barrel. Brent topping 90 on the back of those comments, hitting the highest since April 2024 with US crude within striking distance of 90 as well. Iraq has already shut in some production because there is nowhere for the oil to go.Tankers in the Persian Gulf are quickly filling up and new ones can't enter to be loaded with oil with onshore storage tanks also quickly filli ...